Brothers, it's already early morning, and Brother Long is here to discuss the latest ETH market trends with everyone. No matter how late it gets, we must keep a close eye on the market!

First, let's look at the support level. In the short term, we need to focus on the $3350 to $3380 range. Liying Analysis has also mentioned that $3350 is the current key support level. If a pullback can hold here, there might be a technical rebound. The strong support below is between $3300 and $3330. Data from CoinWorld shows that there is a bullish defense line near $3330, which also resonates with the June low. If this level cannot hold, we might see a rapid decline to the $3200 area, so we need to be mentally prepared.

Now let's talk about resistance levels. The first hurdle is between $3500 and $3550. ETH has recently struggled several times at $3500. This level coincides with the EMA30 moving average, and to break through it, we must have sufficient trading volume; otherwise, it's futile. If we can firmly stay above $3500, the rebound target can be set at $3600 (July high), and if we break through, $3800 is also a possibility.

The struggle between bulls and bears is quite interesting. The MACD has produced a short-term golden cross, and the red bars are increasing, indicating that bulls are gaining momentum. However, the pressure from the lower Bollinger Band has not been lifted yet, so it's uncertain whether this rebound can sustain. The RSI has returned from the oversold zone (below 30) to the neutral zone of 40-50, and the strength for a short-term rebound is building up, but it hasn't reached a strong range yet, so don't be too eager to be optimistic. Additionally, a risk to mention is that there are 560,000 ETH queued to exit staking, and some investors might want to take profits, which could increase selling pressure.

Finally, Brother Long's trading advice for the early morning: consider shorting when the rebound reaches around $3500-$3530, with an initial target of $3430-$3380. Always prioritize risk management when trading, and don't be careless! #ETH